A company that makes baseball caps is underutilizing its resources. What does this mean?
a) The company is running more efficiently than its competitors
b) The company is paying its employees less than it should be
c) The company is making caps when it could be making t-shirts instead
d) The company is producing fewer caps than it could be
Ans: d) The company is producing fewer caps than it could be
Economics
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In the circular-flow diagram, one loop represents the flow of goods, services, and factors of production, and the other loop represents the corresponding flow of dollars
a. True b. False Indicate whether the statement is true or false
Economics